Beeah Digital, Beeah Group’s digital transformation and future technology business, and Khazna Data Centers (“Khazna”), wholesale data centre providers in the MENA Region, have formed a joint venture that will bring to Sharjah its first Tier 3 data centre. The newly established data centre will enable business transformation, economic growth, and a technologically secure future along […]
Deal & transactions
Other
Real Estate, Construction & Infrastructure
Northacre collaborates with St. Regis for No. 1 Palace Street
Northacre, a subsidiary of asset management and investment banking platforms Shuaa Capital, has joined forces with St. Regis hotel brand at No 1 Palace Street. The collaboration on the project located opposite Buckingham Palace, is testament
Banking & Finance
Deal & transactions
United Arab Emirates
First Abu Dhabi Bank enters into a partnership with Silver
First Abu Dhabi Bank (“FAB”) has signed a partnership agreement with Silver Birch Finance Limited (“Silver Birch”) to offer inventory solutions to local and international clients. This partnership enables FAB and Silver Birch
Deal & transactions
Oil & Gas
United Arab Emirates
ADNOC awards an AED2b contract for Lower Zakum field gas line
Abu Dhabi National Oil Company (“ADNOC”) has awarded a AED2.01 billion (USD548 million) contract to build a new main gas line at its Lower Zakum field offshore of Abu Dhabi. The Engineering, Procurement and Construction (
Riad & Riad advises the consortium of China Railway Engineering Corporation (“CREC”) and AVIC International Holding Corporation (“AVIC INTL”) as the EPC contractor of the 10th of Ramadan Light Rail Transit (LRT). Measuring 67 kilometers in
Valu, a buy-now-pay-later (“BNPL”) lifestyle enabling fintech platform and a subsidiary of EFG Hermes Holding, has successfully acquired Paynas, a FinTech and digital HR platform. The transaction falls in line with Valu’s
Adsero – Ragy Soliman & Partners assisted Telecom Egypt in signing the commercial agreement with Orange Egypt for national roaming services. The latest deal comes in light of Orange Egypt landing the tender for national roaming
Deal & transactions
Egypt
Healthcare, Pharma & Life Sciences
GSK Group completes demerger of Haleon Group. The advisors
Global healthcare company GlaxoSmithKline Services Unlimited (“GSK Group”) has completed the demerger of its consumer healthcare business to form global consumer healthcare company Haleon Group. The transaction was valued at GBP 55 million (approximately USD 63.8 million).
Deal & transactions
Fashion, Luxury & Design
United Arab Emirates
Noon to acquire Emaar’s fashion venture Namshi for AED 1.23B
Emaar Malls Management (“Emaar Malls”) has entered into a definitive share purchase agreement with Noon, an e-commerce company backed by Dubai billionaire Mohamed Alabbar and Saudi Arabian sovereign fund the Public Investment Fund (“PIF”),&
Deal & transactions
Industrial
Saudi Arabia
MAZ Group and Rheinmetall Air Defense create Rad Arabia Co.
The Law Office of Looaye M. Al-Akkas in association with Vinson & Elkins has represented Saudi-based MAZ Group in its Joint Venture with Swiss-based Rheinmetall Defense to create Rad Arabia Co., a manufacturing and development
